{"id":126020,"date":"2018-05-01T06:33:53","date_gmt":"2018-05-01T10:33:53","guid":{"rendered":"http:\/\/countingpips.com\/?p=126020"},"modified":"2018-06-01T15:39:49","modified_gmt":"2018-06-01T15:39:49","slug":"us-stocks-fall-as-inflation-rises","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/us-stocks-fall-as-inflation-rises\/","title":{"rendered":"US stocks fall as inflation rises"},"content":{"rendered":"
May 1, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Fed\u2019s two day meeting starts today<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>pulled back Monday despite positive earnings reports. The\u00a0S&P 500\u00a0<\/em>fell 0.8% to 2648, with all 11 main sectors finishing lower. The\u00a0Dow Jones\u00a0<\/a>industrial lost 0.6% to 24163.15. The\u00a0Nasdaq\u00a0<\/em>composite index declined 0.8% to 7066. The dollar strengthening resumed:\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, rose 0.3% to 91.795. Stock indices futures point to higher openings today.<\/p>\n

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Stocks retreated ahead of Federal Reserve two day meeting starting today. Investors are weighing the odds the central bank may opt to hike interest rates three more times this year instead of two as data point to pick up in inflation. The personal consumption expenditure (PCE) index, the Federal Reserve\u2019s preferred inflation gauge, rose to 2% year over year in March from a 1.7% in February, hitting the central bank\u2019s 2.0% target for the first time in a year. Core PCE inflation climbed to 1.9% year over year, its biggest gain since April 2012. Treasury yields slipped however, as investors sold off stocks.<\/p>\n

\"SP500\"<\/p>\n<\/div>\n<\/div>\n

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European stocks log sixth straight weekly gain<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>ended higher Monday as investors risk appetite was boosted by weaker currencies and merger news. The\u00a0euro\u00a0<\/em>rejoined the\u00a0British Pound\u2019s\u00a0<\/em>extended slide against the dollar. The Stoxx Europe 600 index rose 0.2%. The\u00a0DAX 30\u00a0<\/em>gained 0.3% to 12612.11, France\u2019s\u00a0CAC 40\u00a0<\/em>outperformed ending up 0.7% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>advanced 0.1% to 7509.30. Markets in Germany, France, Switzerland and Italy are closed today for Labor Day.<\/p>\n

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Supermarket shares led advancers as Sainsbury\u2019s stock jumped 14.5% on news it agreed to merge with Asda, Wallmart\u2019s UK business. Weak economic data weighed on euro: German retail sales unexpectedly fell in March, declining 0.6% month-on-month, while headline inflation remained at 1.6%.<\/p>\n<\/div>\n<\/div>\n

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Australian stocks lead Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today with many markets closed for the Labor Day holiday.\u00a0Nikkei\u00a0<\/em>rose 0.2% to 22508.03 helped by continued yen slide against the dollar. China\u2019s market are closed for holiday. Australia\u2019s All Ordinaries Index is up 0.5% with Australian dollar little changed against the US dollar.<\/p>\n

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Brent\u00a0<\/a>up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are edging higher today. Prices rallied yesterday on rising Middle East tensions after Israeli Prime Minister Netanyahu accused Iran of lying about nuclear program. July Brent crude settled 1.2% higher at $74.69 barrel on Monday.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Fed\u2019s two day meeting starts today US stocks\u00a0pulled back Monday despite positive earnings reports. The\u00a0S&P 500\u00a0fell 0.8% to 2648, with all 11 main sectors finishing lower. The\u00a0Dow Jones\u00a0industrial lost 0.6% to 24163.15. The\u00a0Nasdaq\u00a0composite index declined 0.8% to 7066. The dollar strengthening resumed:\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-126020","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=126020"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126020\/revisions"}],"predecessor-version":[{"id":127115,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126020\/revisions\/127115"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=126020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=126020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=126020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}